Section: Home Loss Payments
New Regulations
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The Home Loss Payments (Prescribed Amounts)(England) Regulations 2004 SI 1631
These Regulations increase the amount of Home Loss Payments payable under the Land Compensation Act 1973 prescribed in the Home Loss Payments (England) Regulations 2003.
A person is entitled to a home loss payment when he is displaced from a dwelling by compulsory purchase or in the other circumstances specified in section 29 of the Act as amended by the Planning and Compensation Act 1991.
Section 30(1) of the Act provides that in cases where a person occupying a dwelling on the date of displacement has an owner's interest, the amount of home loss payment is calculated as a percentage of the market value of that interest, subject to a maximum and minimum amount.
Section 30(2) prescribes the amount of the home loss payment in any other case.
Legal Update
Reporting on April-June 2004
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